Lee Ranson, Eversheds Sutherland International CEOEversheds International Bucks Muted Trend With 8% Revenue Uptick, Profits and PEP Increases
The firm is one of few top international firms to have achieved increases across all three key metrics for the 2019/20 financial year.
July 30, 2020 at 09:59 AM
2 minute read
Eversheds Sutherland's non-U.S. business increased all three key financial metrics during the 2019/20 financial year, the firm announced in a statement on Thursday.
The firm's international arm increased revenue by 8% to hit £592 million, while its net profit and PEP also had single digit percentage increases.
Net profit rose 5% to hit £108.8 million while PEP remained steady, nudging up slightly by 2% to hit £902,000.
In a statement Eversheds Sutherland CEO Lee Ranson said: "These are a good set of results which were delivered against a challenging global economic and geopolitical landscape, compounded in the last two months of the financial year by COVID-19. Our strategy has continued to drive strong growth whilst allowing us to make a number of significant investments across the year, specifically in people, property and our core and client-facing IT offerings.
"Whilst the business has responded well to the challenges and uncertainty created by the pandemic, and adapted quickly to the changing priorities and needs of our clients, there is no doubt that the year ahead will be testing for us all given the high levels of uncertainty across the world," he added.
The firm's results are quieter than last year's stand out set, when its profits leaped and top partner pay soared.
In its Companies House filings for the 2018/19 financial year, the firm revealed that its top earner took home £1.7 million – a jump of 11.2% on the previous year.
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